Anglo Asian Mining Share Discussion Threads

[zhockey] 16/1/2017 17:25

Crazy I agree, although we could see some downside in the short term

[jeanesy] 16/1/2017 17:18

Big fall on biggest volume day for some time. Results tmw? You have to say that given the strength in the POG over the last week the fall here is pretty alarming and totally against the other miners. Time to put us out of our misery and release the results !

[crazycoops] 16/1/2017 17:11

Fair enough zhockey but I am thinking more along the lines of Matt's #6461. In that context, slightly reduced production guidance for 2017 (if that is the case) should be largely irrelevant to the investment case here. I believe we are significantly undervalued as it is and will try and remain patient until some of that value has been outed.

[cannonfodd3r] 16/1/2017 17:00

I think there's an assumption that it will fall before news now, so hopefully it will then rise on news and catch some out. I thought of doing the exact same the other day but thought it just my luck that I'd then end up back in higher. As far as I'm concerned there are 2 outstanding points that could come up at any point, new deposit and Chovdar.

[goodgrief] 16/1/2017 16:57

I didn't find that interview, posted on here recently, particularly reassuring. Whilst the current gold/copper ratio is 95%/5% and heading towards 50%/50%, it wasn't clear whether the amount of copper being mined was increasing rapidly or the amount of gold being produced tailing off!!

[zhockey] 16/1/2017 16:52

Crazy, it is not surprising at all, I said before that the market is nervous about 2017 production. I expect it will be less than 2016.

[bleepy] 16/1/2017 15:39

Official exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.8045 AZN/USD for Jan. 17

[crazycoops] 16/1/2017 15:09

A bit bizarre the share price movement today. PoG up and looking to continue its strength and people selling out of AAZ on no news (when most aspects of the TU are known anyway, except 2017 guidance, although not sure if that will be part of the TU). I understood that maybe some people were sitting on the sidelines to take advantage if the share price fell post TU but selling on no TU seems a somewhat counter-intuitive to me.

[jbe81] 16/1/2017 14:20

Been a good buying opportunity today, still a few waiting for post results to pick some up

[mattjos] 16/1/2017 14:12

fag paper spread now

[imnotspartacus] 16/1/2017 13:39

Gold touch £1000 today...this company is a great hedge against the falling £.

[deanroberthunt] 16/1/2017 12:53

Mr Positive is back........^^^^^^^^^^^^^^^^^

[zhockey] 16/1/2017 12:13

Bang on support at the momment, will it hold? My guess is not as there seems to be a lot of nervousness arround.

[cannonfodd3r] 16/1/2017 09:54

Don't forget that the reason the mine was there in the first place was because Siemens had it as a copper mine for the first global telecoms network. They weren't primarily after gold, they just took it as an undeclared by product. Other reserves as recently found were probably known about but 150 years ago in Az gold wasn't what Siemens were after. So it may not be as copper rich. Time will tell

[mattjos] 16/1/2017 09:53

As I understand it, it is the Gedabek open pit that is projected to go to a 50:50 Gold/Copper production profile.

However, that does not take into account the future contribution from Ugur, Ordubad, Bittibulag, Gadir or any other part of their assets.

Given the ore complexity & the growing Copper & Silver production, the company may elect to report its production in Gold equivalents ie. The equivalent number of ounces of gold produced after taking into account the revs from the Copper & Silver.
It all about perception. If the company wanted to known as a Copper miner, it simply report its headline revenues as equivalent tonnes of Cu produced, after taking into account Gold & Silver.

Not sure we should get too hung up on it at this stage. Just look at the headline figures & accept it is made up of 3 (possibly more in future) metals.

[jbe81] 16/1/2017 09:30

11:03 in the interview

[friendzarin] 16/1/2017 08:52

If you look at the last 5 years that AAZ have announced 4th Q previous year results it seems to opt for later in the week than Monday and usually issues first thing

2016 Thur 14 7:00 am
2015 Wed 14 7:15 am
2014 Wed 15 7:00 am
2013 Wed 09 7:00 am
2012 Tue 10 7:00 am

[bsg] 16/1/2017 08:27

This looks like it's probably not going to be the "gold mine" we expected.

[jbe81] 16/1/2017 07:56

I have listened. Listen again. Bill does say that, But the words before are based on what we know now. I asked Stephen about it at the presentation, he said some of the gold doesn't contain copper so doesn't see it being 50/50.

[deanroberthunt] 16/1/2017 07:47

We need businessmen/women to rule our countries, not stooges.....Trump is the best thing since sliced bread...end of

[deanroberthunt] 16/1/2017 07:46

you must have not been listenning, it's exactly what it says, I didm't make it up......a 50/50 Gold/Copper producer, that is the aim....with a continual decline in Gold production

[wrighty46] 16/1/2017 07:43

Pan, like it. Think gold might have a few good days this week, with the pantomime in the USA playing out this week.

[jbe81] 16/1/2017 07:38

Deanrobert, that is not what the interview says. It says based on what they know now, ie ignoring all future exploration. Some of the new gold deposits don't contain copper so won't pan out like that.

[homebrewruss] 16/1/2017 07:33

Gold at $1206 if anyone interested 🙂

[cannonfodd3r] 16/1/2017 07:16

No news is good news so the adage goes!